Comment by eru
2 days ago
> That's not as ridiculous as it sounds!
I'm not sure: why doesn't someone 'just' put up a few resistive heaters and fans to benefit from negative prices?
2 days ago
> That's not as ridiculous as it sounds!
I'm not sure: why doesn't someone 'just' put up a few resistive heaters and fans to benefit from negative prices?
If one is incentivized (eg, paid) to burn power, then sure: One can burn power and reap the incentive. It can happen in any market. The producer has so much abundance of a thing, for whatever reason they do, that they're willing to pay others to get rid of it for them.
It can even happen productively: "Hey, they're paying us to run the heat! Turn the glass kiln on so we can get a head start on tomorrow."
Or "Hey, they're paying us to charge our batteries! Let's charge them!"
It can also be "Hey, they're paying us to run resistive heaters! Turn on the artificial sun!"
Whatever it is: If the demand satisfies the supply, then the supplier is satiated. And then the price can go back to something more-profitable for that supplier.
> It can also be "Hey, they're paying us to run resistive heaters! Turn on the artificial sun!"
It may be difficult to dump all the heat at scale. You probably need a huge cooler with fans to get active air flow. Or a water tower (that requires water) (There are regulation about extracting water from a river and returning it too hot).
Is it possible to build one of this heat dumping facilities in a zone where there is permanent snow? (Ignoring environmental and moral concerns.)
PS: Seriously, heating a swimming pool may be a nice application.
It definitely is sometimes difficult to dump power at scale. That's the source of the surplus and resulting negative price.
But it doesn't have to be big. A negative price is still a negative price, even on a small scale.
So, for instance: At home, I have electric hot water. I have some baseboard heaters in parts of the house (that I never actually use, but which I could use). I have central aircon.
All of these things could stand to be automated just for automation's sake, and that's something I'll probably do some day even with the fixed-rate electricity I buy right now.
With automation and price feeds, it's a programmatic no-brainer to switch on the electric baseboards on during the heating season during negative price events and get paid some non-zero amount to get ahead on the temperature game.
During the cooling season, I can probably stand to get paid to supercool the house for awhile.
And during any season: I normally run my electric water heater at a fairly low temperature because that's more efficient, but I'll cheerfully accept money to temporarily raise its temperature.
Or if I had an EV: Maybe I might normally like to keep it at 70% SoC for battery health, but if it's plugged in and the price is negative then I might cheerfully run it up to 85 or 90% or more.
So anyway, it's hypothetically pretty easy for an individual like me to dump a few kiloWatts in a useful way.
A thousand such people make it easy to dump a few megaWatts.
A million such people make it easy to dump a few gigaWatts. (And a million sounds like a lot, until one counts the eventuality of smartly-connected EVs.)
> It may be difficult to dump all the heat at scale. You probably need a huge cooler with fans to get active air flow. Or a water tower (that requires water) (There are regulation about extracting water from a river and returning it too hot).
You could probably just boil off your water, instead of returning any?
It would be funny, to use the steam to generate electricity.
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Freight trains have very powerful versions of those onboard. You'd just have to repurpose them. It's called "dynamic braking".
https://en.m.wikipedia.org/wiki/Dynamic_braking
Some electric cars have that as well.
Btw, many passenger trains have something like that as well, especially in the metro or tube: the stations are deliberately built slightly higher than the normal lines, so that you can convert kinetic and potential energy back and forth.
Because it doesn't happen often enough to be worthwhile, you're better off just building a battery and being able to make profit every day.
People do - but the actual answer to your question is as you’re implying: it’s not as simple as “you get paid to consume”.
There are negative spot prices in Europe all the time - but they are not usually negative enough to make up for the grid fees and taxes. Or they are in countries like Germany that hasn’t rolled out smart meters, so consumers have no way to access spot prices